Liberty

Yeah. There's been plenty of all kinds of recalls all around the industry. Cherry picking an example doesn't illuminate.

Acquisition at Harris in the UK: https://www.harriscomputer.com/en/news/?data-ipsquote-timestamp=1603771200&article=harris-acquires-uk-based-maternity-ward-software-provider-k2-medical-systems "43 employees (2019) No debt and profitable" h/t @pearnick

Volaris news: https://www.globenewswire.com/news-release/2020/10/27/2115052/0/en/Volaris-Group-Introduces-Lumine-Group-to-Focus-on-Communications-Media-Business.html First Modaxo, now this.. Is this just some Spring cleaning to make the org a bit neater and strengthen the identity/culture of sub groups, or is this preparation for more spins or the creation of more holding co level groups at some point?

Doesn't 30k recall represent nearly 100% of the cars they sold in China in that time period? It would only be about 10% for GM's worst recall. Either way, the fix isn't particularly expensive. I'm very curious if this stays contained to China. I'm saying recalls are nothing out of the ordinary, and I'm surprised there weren't more for the early cars made in 2012-2013-2014... The company is basically a startup at that point, it's amazing that the Model S was as good as it was right out of the gate in 2012.

https://mule.substack.com/p/intels-troubles-and-lam-researchs

Oh no, a 30,000 car recall! https://www.cars.com/articles/the-10-biggest-recalls-in-2019-416480/

Good review of the iPhone 12 and 12 Pro. Rene's always smart and well-informed:

New acquisition at Vela in the US: https://velasoftwaregroup.com/vela-software-acquires-elmtree-system/ "Founded in 1997 8 employees" Another one at Vela: https://velasoftwaregroup.com/vela-acquires-searoc/ "51 employees" h/t @pearnick

Cool stuff: https://www.businesswire.com/news/home/20201021005235/en/Visa-Tap-to-Phone-Transforms-Payment-Acceptance-for-Sellers-Worldwide

Q3 royalty numbers are out: http://altiusminerals.com/storage/press-releases/2020-10-21-q3-royalty-revenue-final-1603282514.pdf Looks like revenue is down 15.6% YoY.

Details coming out on topicus spin: https://www.csisoftware.com/docs/default-source/press-releases/press_release_re__conditional_dividend.pdf

https://www.globenewswire.com/news-release/2020/10/20/2111016/0/en/Introducing-Modaxo-A-Global-Collective-of-Technology-Businesses-Singularly-Focused-on-People-Transportation.html https://modaxo.com/about-us/

Perseus acquisition in US: https://www.constellationreg.com/paradym-joins-constellation1-expanding-its-front-office-suite-of-solutions-with-additional-marketing-offerings%e2%80%af/ "Founded in 1992 75 employees" h/t @pearnick

https://www.barrons.com/articles/visa-hikes-fees-as-analysts-get-more-bullish-on-payment-stocks-51602775286

Got NFL playoff for Prime Video: https://www.wsj.com/articles/amazon-expands-nfl-coverage-with-playoff-game-11602702168

https://www.cnbc.com/2020/10/14/coronavirus-healthy-young-people-might-not-be-able-to-get-the-vaccine-until-2022-who-says.html

Dan Loel letter to management: https://www.scribd.com/document/479102830/Loeb-Letter-to-Disney

New piece by Ben Thompson on Disney: https://stratechery.com/2020/disneys-integration/

Amazon unveiling its Rivian electric delivery vehicles. 100,000 on order for 2030: https://blog.aboutamazon.com/transportation/introducing-amazons-first-custom-electric-delivery-vehicle

Here it is: https://www.nejm.org/doi/full/10.1056/NEJMe2029812

Shred in peace, Edward..

Another one at Volaris, this time in Austria: h/t @pearnick

https://www.bbc.com/news/health-54296223 "'Long Covid': Why are some people not recovering?"

Etsy deep-dive by Mostly Borrowed Ideas: https://mbi-deepdives.com/etsy-a-handmade-giant-in-the-passion-economy/

No, that's not what I said. Things that aren't on a spec sheet aren't necessarily a moat. Better aesthetics are an output of the moat, not the cause. The design and product-focused culture which is an extension of the Jobs DNA that the company was founded (and re-founded after NeXT reverse-takeover) is part of that moat and manifests through all levels of organisation of the company, and the other is the software layer, which has network effects and is a very high-barrier to entry (how many companies can create and maintain OSes and dev platforms that are differentiated and high quality and secure? There's only a few companies.. it's why Nokia and RIM never had a chance against the iPhone, because it wasn't a phone, it was a computer and OS+APIs, etc).